Connecticut Water Service, Inc. (NASDAQ:CTWS) has earned an average broker rating score of 3.00 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating.

Brokerages have set a 1-year consensus target price of $58.50 for the company and are predicting that the company will post $0.88 EPS for the current quarter, according to Zacks. Zacks has also assigned Connecticut Water Service an industry rank of 109 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently commented on CTWS shares. Barclays PLC upped their price target on shares of Connecticut Water Service from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. BidaskClub lowered shares of Connecticut Water Service from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised shares of Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

Shares of Connecticut Water Service (CTWS) traded down 0.49% during trading on Friday, hitting $63.19. 39,229 shares of the stock were exchanged. The stock has a market cap of $731.42 million, a P/E ratio of 31.56 and a beta of 0.11. Connecticut Water Service has a 52 week low of $49.23 and a 52 week high of $64.14. The firm’s 50 day moving average price is $58.96 and its 200-day moving average price is $56.28.

Connecticut Water Service (NASDAQ:CTWS) last posted its earnings results on Tuesday, August 8th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). The company had revenue of $29.50 million for the quarter. Connecticut Water Service had a net margin of 21.37% and a return on equity of 9.21%. On average, analysts predict that Connecticut Water Service will post $2.21 EPS for the current year.

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In other news, VP Maureen P. Westbrook sold 1,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $55.94, for a total transaction of $83,910.00. Following the completion of the sale, the vice president now owns 37,179 shares of the company’s stock, valued at approximately $2,079,793.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.52% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Connecticut Water Service by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 697,158 shares of the utilities provider’s stock valued at $38,699,000 after purchasing an additional 17,334 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Connecticut Water Service by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 425,123 shares of the utilities provider’s stock valued at $23,599,000 after purchasing an additional 21,538 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Connecticut Water Service by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 244,800 shares of the utilities provider’s stock valued at $13,589,000 after purchasing an additional 2,600 shares during the last quarter. State Street Corp increased its position in shares of Connecticut Water Service by 4.8% during the 2nd quarter. State Street Corp now owns 241,026 shares of the utilities provider’s stock valued at $13,381,000 after purchasing an additional 10,986 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of Connecticut Water Service by 32.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 176,581 shares of the utilities provider’s stock valued at $9,802,000 after purchasing an additional 43,347 shares during the last quarter. 46.75% of the stock is owned by hedge funds and other institutional investors.

About Connecticut Water Service

Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).

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